OpenAI Completes For-Profit Shift
OpenAI is giving Microsoft Corp. a 27% ownership stake as part of a restructuring plan.
The new for-profit unit will be a public benefit corporation called OpenAI Group PBC.
Microsoft will get a stake in OpenAI worth about $135 billion.
Microsoft Corp. gets a 27% ownership stake in OpenAI.
Author's summary: OpenAI gives Microsoft 27% stake.
- OpenAI becomes a for-profit business
- Microsoft gets a $135 billion stake
- Restructuring plan took nearly a year to negotiate
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